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Apparel retailer Cato Corp Feb sales rise 3%
07
Mar '14
The Cato Corporation reported sales for the four weeks ended March 1, 2014 of $87.0 million, a 3% increase over sales of $84.7 million for the four week period ended March 2, 2013. Same-store sales for the month increased 1% from the prior year. "February sales were negatively impacted by winter storms the first two weeks of the month.  
 
However, that impact was offset by strong selling in the last two weeks of the month driven by warmer weather and tax refund spending," stated John Cato, Chairman, President, and Chief Executive Officer.  
 
As of March 1, 2014, the Company operated 1,320 stores in 32 states, compared to 1,306 stores in 31 states as of March 2, 2013.
 
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Versona" and "It's Fashion".  The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.  
 
Versona is a unique fashion destination offering accessories and apparel including jewelry, handbags and shoes at exceptional prices every day. Its Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.  

Cato Corporation

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Courtesy: Kornit Digital

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